Shares of Staples surged Tuesday following a report that the office supplies retailer was in talks with potential acquirers.
Shares were up 12.9 percent to $9.78 in mid-morning trade after the Wall Street Journal, citing people familiar with the matter, reported that Staples had held talks with private-equity bidders.
The talks are at an early stage and may not result in a transaction, the newspaper added.
The move comes almost a year after a federal judge blocked a proposed merger between Staples and rival Office Depot due to antitrust problems.
Like other kinds of retailers, Staples has been hammered by rising competition from e-commerce companies like Amazon.
Staples declined in response to a query from AFP.
Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.